{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-22-029492","form_type":"8-K","ticker":"FIGS","cik":"0001846576","company_name":"FIGS, Inc.","filed_at":"2022-11-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.700603+00:00","generated_at":"2026-06-21T23:53:06.314632+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"FIGS Q3 net rev $128.6M (+25.2% YoY); adj EBITDA margin 16.4%","bullets":["Net income $4.0M, diluted EPS $0.02; adjusted EPS also $0.02.","Gross margin 70.6%, down 210 bps YoY on higher freight costs and promotional mix.","Active customers 2.2M (+23.6%); AOV $112 (+9.8%) on higher units per transaction.","Full-year 2022 guidance: net rev ~$495M (~18% YoY growth), adj EBITDA margin ~16%.","Adjusted EBITDA $21.0M, margin 16.4% vs 21.6% last year, down on cost pressures."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-22-029492","json":"https://secwatch.observer/filing/0001628280-22-029492.json","markdown":"https://secwatch.observer/filing/0001628280-22-029492.md","text":"https://secwatch.observer/filing/0001628280-22-029492.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1846576/000162828022029492/0001628280-22-029492-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1846576/000162828022029492/figs-20221110.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T23:53:06.314632+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3564e80959971f6626a23b1dde8ac3080343cb3d","claim":"FIGS, Inc. reported third quarter 2022 results: revenue $128.6 million, net income $4.0 million, EPS $0.02.","evidence_excerpt":"Net revenues were $128.6 million, an increase of 25.2% year over year, driven by an increase in orders from existing and new customers and, to a lesser extent, an increase in AOV. • Gross margin was 70.6%, a decrease of 210 basis points year over year, primarily due to an increase in freight-in costs, related to increased utilization of more expensive air freight and elevated ocean freight costs, and to a lesser extent, a higher mix of promotional sales and product mix shift. • Operating expenses were $79.6 million, an increase of 24.1% year over year. As a percentage of net revenues, operating expenses decreased to 61.9% from 62.5% in the prior year period due to lower general and administrative expenses, partially offset by higher selling expenses related to fulfillment costs. • Net income was $4.0 million and diluted earnings per share was $0.02.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1846576/000162828022029492/0001628280-22-029492-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter 2022"},{"label":"Revenue","value":"$128.6 million"},{"label":"Net income","value":"$4.0 million"},{"label":"EPS","value":"$0.02"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"6b9cd5f7eac6d3d6acdafab64a68c588d597f254","claim":"FIGS, Inc. reported full year 2022 results: revenue approximately $495 million.","evidence_excerpt":"For Full-Year 2022, the Company now expects: • Net revenues of approximately $495 million, representing year-over-year growth of approximately 18%. • Adjusted EBITDA margin (4) of approximately 16%.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1846576/000162828022029492/0001628280-22-029492-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2022"},{"label":"Revenue","value":"approximately $495 million"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}